Klarna Group (NYSE:KLAR) Research Coverage Started at Bank of America

Bank of America assumed coverage on shares of Klarna Group (NYSE:KLAR) in a report released on Thursday morning. The firm issued a buy rating and a $21.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. UBS Group decreased their price objective on shares of Klarna Group from $46.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Wells Fargo & Company reduced their target price on shares of Klarna Group from $45.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of Klarna Group from $40.00 to $20.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Citigroup dropped their price objective on shares of Klarna Group from $58.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Finally, Wall Street Zen downgraded Klarna Group from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Klarna Group Stock Up 1.3%

Shares of KLAR stock opened at $13.70 on Thursday. Klarna Group has a 52 week low of $12.50 and a 52 week high of $57.20. The company has a market capitalization of $9.83 billion and a PE ratio of -17.79. The business’s fifty day simple moving average is $22.69.

Institutional Investors Weigh In On Klarna Group

Institutional investors have recently modified their holdings of the business. SC US Ttgp LTD. bought a new stake in shares of Klarna Group during the third quarter worth approximately $2,016,821,000. Commonwealth Bank of Australia bought a new position in Klarna Group in the fourth quarter valued at approximately $503,243,000. Wellington Management Group LLP bought a new position in Klarna Group in the third quarter valued at approximately $348,834,000. Dragoneer Investment Group LLC acquired a new stake in Klarna Group during the 3rd quarter worth $303,595,000. Finally, Scge Management L.P. bought a new stake in shares of Klarna Group during the 3rd quarter valued at $193,018,000.

Klarna Group Company Profile

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.